Partners Wealth Management LLC Invests $206,000 in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Partners Wealth Management LLC acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,702 shares of the investment management company’s stock, valued at approximately $206,000.

A number of other institutional investors also recently bought and sold shares of OXLC. Private Advisor Group LLC raised its holdings in shares of Oxford Lane Capital by 23.8% in the fourth quarter. Private Advisor Group LLC now owns 190,281 shares of the investment management company’s stock worth $965,000 after buying an additional 36,527 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Oxford Lane Capital by 29.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 84,101 shares of the investment management company’s stock valued at $428,000 after acquiring an additional 19,227 shares during the period. J.W. Cole Advisors Inc. raised its stake in Oxford Lane Capital by 25.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company’s stock worth $1,451,000 after acquiring an additional 57,865 shares during the last quarter. Walkner Condon Financial Advisors LLC acquired a new stake in Oxford Lane Capital during the 4th quarter worth about $51,000. Finally, Financial Guidance Group Inc. purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $148,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Down 1.2 %

Shares of NASDAQ:OXLC opened at $5.05 on Monday. Oxford Lane Capital Corp. has a 52-week low of $4.95 and a 52-week high of $5.78. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 6.08 and a beta of 1.16. The business has a 50-day moving average price of $5.11 and a 200-day moving average price of $5.22.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a yield of 21.39%. Oxford Lane Capital’s payout ratio is 126.51%.

Oxford Lane Capital Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.